Tag: IPO

Industry News

Newsmax Stock Soars After IPO

By TALKERS | by TALKERS

The newly issued shares of media organization Newsmax went through the roof yesterday – rising to $233 per share from its Monday debut of $14 per share. Newsmax stock trades on the New York Stockimg Exchange under the ticker symbol NMAX. CNBC reports that the rise brought the company’s market capitalization to “nearly $30 billion – surpassing the market cap of legacy media companies like Warner Bros. Discovery and Fox Corp.” Newsmax CEO Christopher Ruddy told CNBC, “Americans for a long time have been voting with their remote controls, downloads, apps to say they want Newsmax. Now investors powerfully are buying Newsmax shares because they like us, they value us and they want us to keep growing.” See the CNBC story here.

Industry News

Newsmax Announces Initial Public Offering

By TALKERS | by TALKERS

Newsmax Inc announces the launch of its initial public offering, inviting investors nationwide to become shareholders in its television and digital media platforms. Last week the company’s Offering Statement was qualified by the Securities and Exchange Commission. Newsmax is looking to raise up to $75 millionimg with a planned March 31, 2025 listing on the New York Stock Exchange under the ticker symbol NMAX, subject to NYSE approval. This IPO comes shortly after it completed a private Preferred Offering in February raising $225 million. Newsmax CEO Christopher Ruddy says, “Our success with our Preferred raise shows the enormous support our company has as we made thousands of Americans part owners in Newsmax. Now, the initial public offering opens the door for tens of thousands more to join our news revolution and be a part of the first ever company to complete a crowd financed offering on to the main board of the NYSE.”

Industry News

Newsmax Closes Preferred Offering; Preparing for IPO

By TALKERS | by TALKERS

Newsmax Inc. announces the closing of its previously announced offering of Series B Preferred Stock. Newsmax says the offering exceeded its initial target of $150 million with the company closing last week on its maximum offering amount with gross proceeds of $225 million, before the deduction of placement agent fees and other offering expenses. More than 8,000 accredited investors participated in the private offering.img Now, is submitting IPO offering materials with the SEC and is seeking a public offering with a planned listing on the New York Stock Exchange under the symbol “NMAX” later this year. Newsmax CEO Christopher Ruddy states, “This achievement reflects the strong results Newsmax has demonstrated and testifies to the trust and support the company maintains with investors, viewers and friends. We’d also like to thank Digital Offering LLC, for their expertise, hard work and their positive commitment to supporting us throughout this process. We are excited to be one step closer to our upcoming IPO which will provide us a tremendous opportunity for growth. A public offering will allow tens of thousands of Americans to directly partner with us and join our news revolution. We look forward to delivering long-term value to all of our shareholders.”

Industry News

Newsmax Files With SEC for Initial Public Offering, Plans to List on NYSE

By TALKERS | by TALKERS

Chris Ruddyim

Newsmax Inc. tells TALKERS it has confidentially filed with the Securities and Exchange Commission an offering statement and expects to conduct an initial public offering later this year or in early 2025. The company seeks to raise up to $75 million in its public offering under Regulation A+, the largest offering of its kind to date on a national securities exchange. The company expects to apply to be listed on the NYSE under the ticker symbol “NMAX.”

The company’s subsidiary, Newsmax Media Inc., operates the nation’s fourth highest-rated cable news channel. In July, Nielsen reported that Newsmax was the seventh highest-rated cable channel overall among daytime viewers. Newsmax reaches more than 40 million Americans regularly through its platforms in television, streaming, online, and in print. “The success of our mission to provide Americans with honest and real news is reflected by our loyal and growing following,” Newsmax founder and CEO Christopher Ruddy tells TALKERS.  In advance of this contemplated initial public offering, Newsmax has launched a private placement offering to raise $150 million.

For a limited time, eligible investors will be able to invest in this private offering. The private offering is solely available to accredited investors. Individuals interested in learning more about these Newsmax investment opportunities and registering an indication of interest can go to the green sign-up box at www.NewsmaxInvest.com to receive information.

Industry News

LiveOne Names Jim Berk to PodcastOne Board of Directors

By TALKERS | by TALKERS

LiveOne announces that Jim Berk is joining the board of directors for PodcastOne. The company says that Berk has over 25 years serving as chief executive, including his prior experience as CEO of PodcastOne, knowledge of the entertainment and media sector, and his expertise in strategic planning, operations, mergers, and acquisitions. Berk is currently chairman and CEO of Goodman Media Partners, investing in early-stage media and tech companies. PodcastOne co-founder Kit Gray comments, “Jim has an impressive track record of working with public companies and has extensive knowledge of our business. We are thrilled to bring his expertise back in the company and on our board during this crucial period of growth for PodcastOne as we are launching our IPO.”